Replies to post #20068 on Kraig Biocraft Laboratories Inc (KBLB)

[FACT-MASTER]

Good question Checkman.
The only person I can think of who is capable of answering professionally is BioDoctor. I'm hoping he comes around a little later tonight with his daily report.

As for your analysis, I still see a top shadow so am not sure if it is a true hammer
I like to start by identifying the color of which today was again - black candlestick. Right now that is all I can say for sure

AS for trend, BioDoctor mentioned the importance of the number 3; from my amateur point of view, we just completed a 3 day pattern if you use Friday's White Marubozu as point of reference. We did not break the low of the White Marubozu so it appears that we have a reversal bullish pattern intact.
I am using this chat board, along with upcoming CC -pr out there somewhere, sial announcement as items to judge "sentiment"
Right now -all positive
My thoughts for tomorrow are (amateur) we start repeat of last 3 day pattern; lots of hot air on the chat board with stock heading north=storm brewing
I am doing trades on paper using JCP and today hypothetically bought 10 000 at .127. If it does what I;m thinking sell at .152
I hope BioDoctor comes around later with the real deal analysis.

PedroMon

[FACT-MASTER]

Checkman,
Allow me to revise my response as I have done more studies and collaboration tonight.
You are correct it is a hammer today, es has confirmed as well;
As to what to do, I beleive we only have 3 choices; buy, sell, or hold. It is up to you as to what you see the pattern telling you.
What I may venture to say is this:
First of all I point out that the hammer should be viewed in the context of prior price action- like a day before, which I beleive was bearish-neutral yesterday and if we include Friday-bullish. I think(amateur) that we need to watch tomorrow for confirmation of today's seemingly reversal pattern. If confirmed should see a nice uptick to tomorrow's start. There could still be tug-of-war, could go either way -white hammer is more bullish, we were black today. Bullish trend not firmly established yet.

PedroMon

[BioDoctor]

Checkman, the Tuesday JCP was not a Hammer, but a Black Candlestick, same as seen on Monday. I use a professional service to report the correct JCP at end of each day. The prediction for Wednesday based on two side-by-side Black Candlesticks is more continuation, little deviation. The stock is moving sideways in anticipation of the upcoming CC news. But I also see a tension in other charts I follow that the stock is primed to raise. That is my understanding of the JCP patterns we have seen for the past few days. Any news either positive or negative would undo the trend. So, if you read my predictions for Friday and Monday using JCP, both were correct. Let us see how they do for tomorrow, the prediction is continuation, maybe up a little, maybe down a little, but nothing drastic. Also, please understand, I am new to the JCP, no expert, take what I say with a bucket of salt.

[es1]

That is not really a hammer. A hammer is at the bottom of a down trend and the price opens drops a bit and closes above the open.
We opened high, dropped low, and recovered to close higher then the day before but not higher then the open.
That is a Hangman candle.
A hangman normally closes below the day before so its meaning is not really clear. Best way to decide if the hangman is confirmed is wait for a drop in the AM. If the drop cant recover then we are starting a down trend.

News will put an instant stop to any down trend so get them while you can if it drops

I should add that since the chart is actually in a 2 day down trend the confused candle could also work like a hammer.

I personally would not base my trades on this candle. It is not very strong